DeFi Protocol Curve’s $500M Stablecoin Pool Hammered as Traders Flee USDC
Curve’s 3pool is supposed to have equal parts USDC, DAI and USDT. The trio are becoming imbalanced amid fallout from Silicon Valley Bank’s collapse.
Finance
FTX Reaches $45M Deal to Sell Interest in Sequoia to Abu Dhabi’s Investment Arm
The agreement requires approval from a Delaware bankruptcy court as failed exchange seeks to raise funds for creditors.
Crypto Stakeholders Say No Exposure to Shuttered Silvergate
Binance, Coinbase, OKX, and Paxos have all released statements.
Coinbase-OFAC Bug Affected Fewer Than 100 People, and Has Been Fixed
Some users on Reddit reported bitcoin transfers from Binance to Coinbase were being blocked due to potential sanctions concerns.
FTX Bankruptcy Special Counsel, Advisers Bill $38M for January
FTX’s bankruptcy proceeding has teams of lawyers, investment bankers, consultants, and financial advisers working on the case.
Dapper Removes ACH Withdrawal Option, Citing Circle
Wire transfer and USDC remain an option for Dapper users.
Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals
The fund’s performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings in FTT and Solana-based tokens.
Uniswap Wants to Launch Crypto Wallet App, but Apple Says Not So Fast
The company behind the top decentralized exchange said Apple is standing in the way of the offering.
Binance’s Custody Arm Ceffu Will Apply for Singapore License: Report
Binance rebranded its custody arm to Ceffu earlier this month.
BridgeTower Capital to Onramp Lido, Offers Security Token for Avalanche’s Staking Rewards
The announcements highlight BridgeTower’s emphasis on regulatory compliance.